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Goldman Sachs has named the tech stocks it expects to become more profitable over the next two years. Goldman Sachs believes that the bulk of the margin expansion is yet to come as companies start to realize the full benefits of cost-cutting measures implemented in the first half of 2023. The table below highlights Goldman's five stocks with the biggest upside that are expected to benefit from the above factors. Monday.com Monday.com , a software company that aims to improve efficiency among teams, is also expected to improve its financial performance. Vertex Vertex , a tax software provider, is expected by Goldman Sachs to see a 4.2 percentage point expansion in its operating margins from 2022 to 2024.
Persons: Goldman Sachs, Salesforce, Goldman, Gabriela Borges, Monday.com, Guidewire, Procore, — CNBC's Michael Bloom Organizations: Goldman
Many employees are still struggling with low levels of well-being — with most of them saying that their health worsened or stayed the same last year, according to a survey from Deloitte and Workplace Intelligence. A new report highlights that leaders do not have "a firm grasp" of their employees' well-being. The C-suite is so focused on the macro picture of their organizations, that it's difficult for them to see the macro picture of their employees' well-being. Dan Schawbel Managing partner, Workplace Intelligence"This shows that executives are disconnected from the reality of the workforce," Dan Schawbel, managing partner at Workplace Intelligence told CNBC. Managers play a pivotal role in improving well-being, as they "interface directly" with employees on a daily basis, said Schawbel.
Persons: Dan Schawbel, there's, Schawbel Organizations: Deloitte, Workplace Intelligence, CNBC
Most respondents to a survey said their wellbeing slumped or stayed the same since last year. Many reported frequently feeling exhausted, stressed, and overwhelmed, the Deloitte survey found. But most of the C-suite execs who were surveyed said they thought workers' wellbeing had improved. "In fact, most employees say their wellbeing either worsened or stayed the same last year, and only around one-third say their health improved," the analysts wrote. Though the Deloitte survey didn't explore generational differences, evidence suggests wellbeing will increasingly become a workplace priority as Gen Z rises through the ranks.
Persons: Organizations: Deloitte, Service, Intelligence, Financial, Employers Locations: Canada, Australia
So the British air force devised an ambitious but complex plan for long-range bomber raids. A daring planBritish troops surrender to Argentine forces in Port Stanley in April 1982. Logistical issuesAn RAF Vulcan bomber at Wideawake airfield on Ascension Island. The military airstrip at Port Stanley after a British air raid in May 1982. AftermathRoyal Marines with the Falkland Islands flag in Port Stanley after the Argentine surrender in June 1982.
Persons: , Rafael WOLLMANN, Sir Michael Beetham, Beetham, Black Buck, Port Stanley, Victor, Martel, Buck, Vulcan, Eduardo Farre, Buck Six, Black Buck Seven, Steve Buckley, Japan's Organizations: Falklands, British, Service, British Royal Air Force, South Atlantic, Getty, RAF, Argentine, Port Stanley, Avro Vulcans, Handley, Avro Vulcan, Royal Air Force, Vulcans, Atlantic, US, Port, Ascension, Argentina's TPS, Vulcan, Harriers, TPS, REUTERS, Royal, Royal Navy Locations: Argentina, South, Falkland, Buenos Aires, British, Argentine, Port Stanley, Port, Ascension, Brazil, Rio de Janeiro, Iraq, Balkans, Afghanistan
Ukrainian pilots implored the West to supply them with F-16 fighter jets, in a new CNN interview. In a recent interview with CNN, a pilot in the Ukrainian air force said the country's aged Soviet-era Su-25s can't compete with Russia's Su-35s, their radars, and long-range missiles. However, a deputy battalion commander highlighted that strong Russian air force power has made it difficult for Ukrainian forces to advance. "We try to maneuver to avoid them"Two US Air Force F-16 Fighting Falcons US Air Force photo by Tech. A Ukrainian pilot exits a MiG-29 fighter jet at an airbase outside of Kyiv, November 23, 2016.
Persons: , Russia's Su, Pumba, Matthew Lotz, they're, Danil, Volodymyr Zelenskyy Organizations: CNN, Service, Ukrainian, Territorial Defense Brigade, NATO, US Air Force, Fighting Falcons US Air Force, Tech, West, Getty, Pentagon Locations: Ukraine, Europe, Russia, Ukrainian, Kyiv
Salesforce just shared results of its annual employee survey internally. The survey received responses from 57,000 employees and gauges general sentiment. Salesforce just shared the results of an employee survey in which 57,000 employees participated, the first such survey released after the company started mass layoffs earlier this year. The results show employees feel generally good about Salesforce when it comes to to the company's ethics, and generally concerned about retaining talented employees, their future at Salesforce, and how leadership decisions adhere to the company's core values. A Salesforce spokesperson confirmed the data to Insider and said, "Thanks to our employees, we've made tremendous progress on our company transformation.
Persons: Salesforce, we've, Bret Taylor, Marc Benioff, Salesforce's, Brent Hyder, Slack, Ashley Stewart Organizations: Team Locations: Salesforce
Scott Guthrie, Microsoft's executive VP of cloud and AI, oversees Azure and Microsoft 365 cloud software. Microsoft's cloud boss faces tough questions about pay and low morale, leaked messages show. Microsoft employees blasted the company's decision to pause pay raises and cut bonuses and stock awards ahead of a cloud meeting. Son told the company's annual shareholder meeting he believed his firm will be a winner in the AI race thanks to its investments. The tiny Japanese trucks are about 11 feet long and are typically limited to 25 miles an hour.
Persons: Nathan Rennolds, let's, Scott Guthrie, Stephen Lam, he'd, Satya Nadella, Kathleen Hogan, Dimitrios Kambouris, Twitter hasn't, Larry Ellison, Elon Musk's, David Tinson, Masayoshi Son, Son, Ziwei Li, Deb Liu, Elon, Mark Zuckerberg, Zuckerberg, Musk, it's, Read, Jack Sommers Organizations: US Navy, Microsoft, Twitter, Oracle, FIFA, Lyft, Getty, Meta Locations: London, Lyft, Japan
The organization will be renamed Club CMO and will merge with the marketing group Brand Innovators. Salesforce quietly discontinued the CMO Club in April, a marketing organization it acquired in 2020. Now, CMO Club, which has about 900 top marketers as members, will change its name to Club CMO because Salesforce still has rights to the original name, and merge with a similar industry group called Brand Innovators. "The CMO Club was where we could have those private and personal conversations without the press and sales people," said Club CMO board member Carol Kruse. In her decades-long career as a marketer, she's used advice from her peers at Club CMO roughly 50 times, she estimated.
Persons: Salesforce, Carol Kruse, Kruse, she's, Pete Krainik, Marc Sternberg, Sternberg Organizations: CMO, Brand Innovators, Club, Brand, Salesforce, SEC Locations: Europe, Japan, Australia, Singapore
Salesforce's Brent Hyder offended some employees during the company's LGBTQ+ Pride month kickoff. The company later removed Hyder's comments from a recording of the event and deleted a Slack thread about them. Because Salesforce removed the comments from the recording, Insider has not verified Hyder's exact comments and Salesforce repeatedly declined to provide Insider with a transcript of Hyder's comments. But according to people who heard them, Hyder made a number of controversial statements including that members of the LGBTQ+ community should compromise with opponents. "Allyship is a constant journey," Billy Lewis, a Salesforce employee who was global head of Outforce for four years, said in an interview arranged by Salesforce.
Persons: Salesforce's Brent Hyder, Brent Hyder, Hyder, Salesforce, Brent, Brent Hyder's, Slack, I'm, Billy Lewis, Jessica Romig, Ashley Stewart Organizations: Pride, Employees, Equality, Allies
The US Air Force has begun retiring the A-10, an aircraft famed for its role in close air support. Indeed, the US Air Force is finally retiring the aging A-10 Warthog ground-attack aircraft, which a top official has said "doesn't scare" China. According to Pentagon's budget request for 2024, the Air Force is looking to cut its TACP force by more than 40% over the next three years. If the plan goes ahead, the Air Force TACP community will have a little over 2,100 positions for officers, enlisted troops, and civilian personnel in 2025, down from the 3,700 slots it has currently, a spokesman told Air Force Times. "I think the military is getting ready for a war where we won't have air dominance," a former Air Force Combat Controller told Insider.
Persons: , Tyler, Mercedee Wilds, Ryan Conroy, Michael Holzworth, Col, Nathan Colunga, Colunga, Stavros Atlamazoglou Organizations: US Air Force, Tactical Air Control Party, Service, China, US Air National Guard, Staff, Tyler Woodward Tactical Air Control Party, US Army, Marine Corps, Air Force, Air Force Times, Air, National Guard, Air Combat Command, Air Force Combat, Combat, Air Commando, 321st Special Tactics Squadron, Navy, Army Green Berets, Marine Raiders, Air Force Special Operations Command, Air Force Special, Squadron, Tech, Warfare, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins, School, International Locations: China, Estonian, Kansas, Fort Irwin, California, Ukraine, Afghanistan, Iraq, Estonia, Nevada, Johns
Lockheed and Airbus will tout their LMXT tanker at the Paris Airshow this week, bringing U.S. reporters onboard the A330 Multi Role Tanker Transport on which the new plane is based. In 2011, Boeing won the first of a three-phase procurement to replace the Air Force's aging tanker fleet, securing a contract for 179 KC-46s. But Larry Gallogly, Lockheed’s director of LMXT business development, said Lockheed and Airbus "are most definitely still in this competition." Lockheed and Airbus sought a program of at least 120 aircraft, but “the business case can certainly close below that,” Gallogly said. Boeing Defense CEO Ted Colbert said the KC-46 "has proven to be highly capable" and is ready for the threats of the 2030s.
Persons: Lockheed Martin, Larry Gallogly, ” Gallogly, Ted Colbert, Jerry Carl, Carl, Valerie Insinna, Tim Hepher, Mark Potter Organizations: Pentagon, Aerospace titans Airbus, Boeing, Airbus, Lockheed, U.S, U.S . Air Force, Air, KC, Capitol, Air Force, General, Armed Services, Alabama Republican, Thomson Locations: WASHINGTON, PARIS, U.S, United States, Alabama, Georgia, American
The UK Ministry of Defence said Russia's attack helicopters gave Putin's forces "a temporary advantage." Of all the Russian Air Force's attack helicopters, the Ka-52 is perhaps the most widely used. According to the latest UK Ministry of Defence briefing, Russian troops have reinforced its attack helicopter forces, allowing them to gain "a temporary advantage in southern Ukraine, especially with attack helicopters employing longer-range missiles against ground targets." Of all the Russian Air Force's attack helicopters, the Ka-52 is perhaps the most widely used. Featuring an unusual coaxial rotor design and a side-by-side crew seating arrangement, Insider reported that it has been on the frontline and involved in the thickest fighting more than any other Russian attack helicopter since Russia's attack began in February 2022.
Persons: , h. Organizations: UK Ministry of Defence, Russian Air, Service, — Ministry of Defence Locations: Ukraine
JAKARTA, June 14 (Reuters) - Indonesia confirmed on Wednesday it had bought 12 Mirage 2000-5 fighter jets previously used by Qatar, defending the nearly $800 million deal as a fast way to upgrade the air force after it was criticised by lawmakers who said the planes were too old. The defence ministry said in a statement that Indonesia had signed the deal for 733 million euros ($792 million) with Excalibur International a.s., a unit of Czech defence company Czechoslovak Group (CSG) in January. The country has long been seeking to overhaul its ageing air fleet which includes U.S.-made F-16 and Russian Sukhoi Su-27 and Su-30 jets. The country secured a deal to order 42 Rafale fighter jets for $8.1 billion in February. A planned purchase of F-15 fighter jets is also in advanced stages and awaiting final sign-off from the government, defence minister Prabowo Subianto said last year.
Persons: Tubagus Hasanuddin, Edwin Adrian Sumantha, Sukhoi Su, Prabowo Subianto, Ananda Teresia, Gayatri Suroyo, Peter Graff Organizations: Czechoslovak Group, Dassault Aviation, Indonesian Air, Thomson Locations: JAKARTA, Indonesia, Qatar, Czech, U.S, Russia, Jakarta
Goldman Sachs upgrades Devon Energy to buy from neutral Goldman said the energy company's valuation is attractive. Morgan Stanley initiates BAE Systems as buy Morgan Stanley said the aerospace and defense company has an "attractive capital deployment policy." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it expects Tesla to build a "full-scale captive financing subsidiary as the market matures." Morgan Stanley upgrades Urban Outfitters to overweight from equal weight Morgan Stanley said in its upgrade of the stock that it has an attractive valuation. Goldman Sachs reiterates FedEx as buy Goldman said it's standing by its buy rating on FedEx heading into earnings next week.
Persons: it's bullish, Goldman Sachs, Goldman, Salesforce, Piper Sandler, Piper, AIZ, Morgan Stanley, Canaccord, Roblox, Stone, Tesla Organizations: Bank of America, Netflix, Devon Energy, PayPal, JPMorgan, Deutsche Bank, Deutsche, BAE Systems, HSBC, Stone, Urban, Oracle, FedEx, UBS, Apple Locations: Devon
June 12 (Reuters) - Salesforce (CRM.N) on Monday doubled its venture capital fund for generative AI startups to $500 million and unveiled the AI Cloud service that hopes to attract enterprises by offering the company's AI-powered products under one umbrella. AI Cloud will include Salesforce's products from the Einstein service to workplace-messaging app Slack and data analysis software Tableau. The move underscores the race among technology companies to incorporate their tools with generative AI, which can create new text, imagery and other content based on inputs from past data. Along with the company's own offerings, AI Cloud will host the large-language models (LLMs) - the core software of artificial intelligence systems - from providers such as Amazon Web Services, Anthropic and Cohere. Salesforce said it plans to ensure data privacy for businesses using such offerings by helping prevent the LLMs from retaining sensitive customer information.
Persons: Marc Benioff, Salesforce, Einstein, OpenAI, Slack, Tiyashi Datta, Shailesh Organizations: Amazon Web Services, Thomson Locations: Bengaluru
Salesforce's new generative A.I. products will make companies more productive, says CEO Marc BenioffMarc Benioff, Salesforce chair and CEO, joins 'Mad Money' host Jim Cramer from Salesforce's A.I. event to discuss the future of A.I., the use case for the products, and implementation of the tech with current Salesforce partners.
Persons: Marc Benioff Marc Benioff, Jim Cramer, Salesforce's
Salesforce CEO Marc Benioff sat down with CNBC's Jim Cramer on Monday during the company's AI Day in New York City to discuss generative artificial intelligence and Salesforce's newest venture into that realm, AI Cloud. Benioff stressed the importance of privacy when it comes to generative AI products, discussing the way AI has been known to lie — or "hallucinate" — and fabricate information. "They're like huge vacuum cleaners sucking up as much data as they can all over the internet," Benioff said of large language models. Benioff said Salesforce's AI Cloud is combatting hallucinations and protecting customer privacy by keeping humans involved in processes, as well as adding a "trust layer" to anonymize crucial data. You're going to need a trust layer," Benioff said.
Persons: Marc Benioff, CNBC's Jim Cramer, Benioff, James Webb Organizations: Google, Reuters Locations: New York City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSalesforce CEO Marc Benioff: the A.I. 'trust layer' will anaonamize data to add a level of securityMarc Benioff, Salesforce chair and CEO, joins 'Mad Money' host Jim Cramer from Salesforce's A.I. event to discuss the future of A.I., the use case for the products, and implementation of the tech with current Salesforce partners.
Persons: Marc Benioff, Jim Cramer, Salesforce's
Salesforce CEO Marc Benioff has been wooing back former executives for years. Insiders say that those that know Benioff best may get him to loosen his grip. Salesforce founder and CEO Marc Benioff has spent years wooing former executives back to the company. Benioff has surrounded himself with people "that know how Salesforce works and know how Benioff works" one former exec explained. With all of that new blood from aquisitions washed away, Benioff seems to think Salesforce can move forward by going back.
Persons: Marc Benioff, Brian Millham, Millham, Salesforce, Benioff, he's, Miguel Milano, Ariel Kelman, Kendall Collins, Steve Fisher, Dave Moellenhoff, Jim Steele, Clara Shih, Marc, , Larry Ellison, Benioff's, Keith Block, Bret Taylor, Slack, Stewart Butterfield, Mark Nelson, Julie Bort Organizations: Oracle, Twitter Locations: Salesforce
The deal would preserve the mandate nationwide while appeals play out, but allow the employer challenging the mandate, Texas-based Braidwood Management, to stop covering pre-exposure prophylaxis (PrEP) against HIV and other preventive services without co-pays for its employees for now. The preventive care mandate, part of the Affordable Care Act (ACA) often referred to as Obamacare, covers services recommended by a federal task force. The ruling does not apply to services the task force recommended before the ACA was enacted in 2010, including breast cancer screening. More than 150 million people were eligible for preventive care free of charge as of 2020 under the ACA, according to data from the U.S. Department of Health and Human Services. The Biden administration has said O'Connor's ruling threatens public health.
Persons: Biden, District Judge Reed O'Connor, O'Connor, Brendan Pierson, Alexia Garamfalvi, Bill Berkrot Organizations: U.S, Circuit, Appeals, Braidwood Management, Affordable, PrEP, HIV, District, . Constitution, U.S . Senate, U.S . Department of Health, Human Services, Major, Thomson Locations: Texas, Braidwood, U.S, Fort Worth , Texas, ., New York
Salesforce could be leading it, with a giant list of new AI products in the works. And he told tale after tale of planned AI products. Morgan Stanley's Keith Weiss believes Salesforce's claims that AI has the potential to "spark a massive new buying cycle." Rangan tallied up 15 pending AI products from Salesforce. There will be five new AI products incorporated into the Marketing cloud to automate tasks ranging from personalized emails to analyzing engagement.
Persons: Salesforce, Marc Benioff, Claude, Goldman Sachs, Kash Rangan, Salesforce's, Einstein, Rangan, Morgan Stanley's Keith Weiss, Weiss Organizations: OpenAI, Salesforce Ventures, Google, Salesforce's, Slack, Products, Next
June 6 (Reuters) - Salesforce Inc (CRM.N) CEO Marc Benioff has shuffled the top management, a person familiar with the matter told Reuters on Tuesday, a move that follows after the software company reported its slowest quarterly revenue growth since 2010. Miguel Milano has been appointed as the chief revenue officer, the source said, adding that Ariel Kelman will take over as Salesforce's chief marketing officer. After a previous tenure of nearly a decade at Salesforce, Milano will make a return from his recent position at software company Celonis. Kendall Collins, who will step into the role of chief of staff for Benioff, had worked as CMO at Okta and Cisco's AppDynamics. Salesforce President and Chief Operating Officer Brian Millham would be assuming new duties such as marketing, employee success and business technology, the source said.
Persons: Marc Benioff, Miguel Milano, Ariel Kelman, Milano, Celonis, Kelman, Kendall Collins, Brian Millham, Salesforce, Benioff, Kanjyik Ghosh, Akriti Sharma, Anirudh, Sherry Jacob, Phillips Organizations: Salesforce, Reuters, Amazon Web Services, Oracle, Inclusive, Microsoft Corp, Amazon.com Inc, Thomson Locations: Salesforce, Okta, Bengaluru
Miguel Milano, who moved back from Celonis, has been appointed Salesforce's chief revenue officer, according to the Insider report, which added that Ariel Kelman, previously the chief marketing officer at Amazon Web Services (AMZN.O) and Oracle (ORCL.N), has been named the new CMO. President and Chief Operating Officer Brian Millham will be taking on a host of new responsibilities, including marketing, employee success and business technology, the memo said. Salesforce did not immediately respond to a Reuters request for comment. The company last month posted an 11% rise in its quarterly revenue, the slowest pace of growth in 13 years. Reporting by Kanjyik Ghosh in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.
Persons: Marc Benioff, Miguel Milano, Ariel Kelman, Brian Millham, Salesforce, Kanjyik Ghosh, Sherry Jacob, Phillips Organizations: Salesforce, Oracle, Amazon Web Services, Inclusive, Thomson Locations: Celonis, Bengaluru
The changes shifted more responsibility to President and COO Brian Millham. The changes shift more responsibility to president and COO Brian Millham, and go some way toward addressing investor concerns about succession -- should Benioff decide to pass the CEO reins in the future. Brian Millham: Closer to 70%. We're seeing many of our ex-employees want to come back to Salesforce, incredible boomerangs back to the company. Benioff: Well, I think Brian and my marriage is quite proven.
Persons: Benioff, Brian Millham, Millham, Nich Carlson, Marc Benioff, Salesforce, Brian, he's, it's, I'm, Marc, Carlson, Ariel Kelman, Miguel Milano, Kendall Collins, you've, I've Organizations: Morning, Insider's Locations: Salesforce's, Salesforce
The Pacific Air Forces' 7th Air Force staged a large aircraft generation training event at Osan Air Base. The Pacific Air Forces' 7th Air Force staged a large aircraft generation training event at Osan Air Base with the participation of all the subordinate units from Osan and Kunsan air bases, where the 51st and 8th Air Wings are based. The "Mammoth Walk," as the photos' captions called it, happened on May 5, 2023, but it was only disclosed few days ago. An A-10C Thunderbolt II and an U-2 Dragon Lady stand parked on the runway at Osan Air Base during the Mammoth Walk training event on May 5, 2023. U.S. Air Force A-10C Thunderbolt IIs and a F-16 Fighting Falcon wait to taxi down the runway during a Mammoth Walk training event at Osan Air Base, Republic of Korea, on May 5, 2023.
Persons: , Sgt, Joshua J, Garcia, Aaron Edwards, Beverly Organizations: Pacific Air Forces, 7th Air Force, Osan Air Base, Service, Osan, 8th Air Wings, 5th Reconnaissance Squadron, 2nd Combat Aviation Brigade, 25th Fighter Squadron, Falcons, 80th Fighter Squadrons, 9th Reconnaissance, U.S, Army's, AF, Osan AB, US Air Force, AIM, . Air Force, Beverly Midnight, Fighter Squadrons Locations: South Korea, Osan, Korea, GBU, Republic of Korea
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